Aris Water Solutions (NYSE:ARIS) Sees Strong Trading Volume – Should You Buy?

Aris Water Solutions, Inc. (NYSE:ARIS) shares saw unusually-high trading volume on Tuesday . Approximately 402,584 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 364,708 shares.The stock last traded at $25.28 and had previously closed at $24.61.

Analyst Ratings Changes

Several analysts recently commented on ARIS shares. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.83.

Aris Water Solutions Stock Performance

The stock’s fifty day moving average is $22.47 and its 200-day moving average is $18.30. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 31.43 and a beta of 1.91.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.67%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, major shareholder S Corp Gable sold 57,731 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total value of $1,475,027.05. Following the sale, the insider now owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the transaction, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,970 shares of company stock valued at $2,482,749 over the last 90 days. 23.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aris Water Solutions

A number of large investors have recently modified their holdings of the business. Eagle Asset Management Inc. acquired a new position in shares of Aris Water Solutions in the third quarter valued at approximately $10,828,000. American Century Companies Inc. increased its stake in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after purchasing an additional 284,788 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after buying an additional 139,259 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Aris Water Solutions by 988.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after buying an additional 125,281 shares in the last quarter. Finally, Nicholas Investment Partners LP bought a new stake in shares of Aris Water Solutions during the 2nd quarter worth $1,703,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Company Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.